Invesco Ltd. Buys 31,355 Shares of QCR Holdings, Inc. $QCRH

Invesco Ltd. raised its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 90.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,930 shares of the bank’s stock after purchasing an additional 31,355 shares during the quarter. Invesco Ltd. owned 0.39% of QCR worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in QCR during the first quarter valued at approximately $46,000. Lazard Asset Management LLC lifted its position in QCR by 3,042.1% during the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank’s stock valued at $48,000 after purchasing an additional 578 shares during the last quarter. R Squared Ltd lifted its holdings in shares of QCR by 309.3% in the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock worth $232,000 after acquiring an additional 2,456 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of QCR in the 4th quarter worth approximately $237,000. Finally, Hohimer Wealth Management LLC lifted its holdings in shares of QCR by 4.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank’s stock worth $249,000 after acquiring an additional 164 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an “overweight” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of QCR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. DA Davidson boosted their price objective on shares of QCR from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of QCR in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $87.38.

QCR Stock Down 1.3%

Shares of QCR stock opened at $79.67 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $72.69 and its two-hundred day simple moving average is $70.72. The company has a market cap of $1.35 billion, a P/E ratio of 12.00 and a beta of 0.83. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. The business had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.71%. Research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR’s payout ratio is presently 3.61%.

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief executive officer directly owned 5,965 shares of the company’s stock, valued at approximately $477,200. The trade was a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.